Akhil008
Long

HERO MOTOCORP | Bullish Flag | Preferred in Cash

NSE:HEROMOTOCO   HERO MOTOCORP LTD
HeroMotoco             forms a bullish flag pattern in daily time frame. 4000 will act as a resistance and I expect the price to fall to 3800 - 3850 level where I would prefer to buy in cash. If price doesn't fall and consolidates at current levels and approach the rising trendline , that could also be a potential as an entry level. Targets can be seen at 4400 to 4450 levels. That could fetch a return around 15%. Fib extension of 2.618 @ 4323 can also be a potential exit point.
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